SILICON SCHOOLS FUND INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: SILICON SCHOOLS FUND INC (EIN 45-4860788)
Tax period: 2017-01-01 to 2017-12-31
Filed: 2018-10-01
IRS object ID: 201802749349301220
Schema version: 2017v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2018-10-01T19:39:18-05:00	ReturnTs
Tax Period End	2017-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	941254756	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	HOOD & STRONG LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	275 BATTERY ST STE 900	AddressLine1Txt
City	SAN FRANCISCO	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94111	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	454860788	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SILICON SCHOOLS FUND INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SILI	BusinessNameControlTxt
Phone	5103507263	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	827 BROADWAY NO 300	AddressLine1Txt
City	OAKLAND	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94607	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BRIAN GREENBERG	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	5103507263	PhoneNum
Signature	2018-09-24	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MAGA E KISRIEV	PreparerPersonNm
PTIN	P01008919	PTIN
Phone	4157810793	PhoneNum

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	BRIAN GREENBERG	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	827 BROADWAY NO 300	AddressLine1Txt
City	OAKLAND	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94607	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$15,614,022	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.SILICONSCHOOLS.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2012	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	WE PROVIDE SEED FUNDING FOR NEXT GENERATION SCHOOLS IN THE BAY AREA.	ActivityOrMissionDesc
Voting Members Governing Body	4	VotingMembersGoverningBodyCnt
Voting Members Independent	3	VotingMembersIndependentCnt
Total Employee	4	TotalEmployeeCnt
Total Volunteers	3	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$11,324,764	PYContributionsGrantsAmt
CY Contributions Grants	$8,238,402	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$85,752	PYInvestmentIncomeAmt
CY Investment Income	$103,270	CYInvestmentIncomeAmt
PY Other Revenue	$913	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$11,411,429	PYTotalRevenueAmt
CY Total Revenue	$8,341,672	CYTotalRevenueAmt
PY Grants And Similar Paid	$4,286,500	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$5,131,500	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$832,382	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$937,077	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$94,256	CYTotalFundraisingExpenseAmt
PY Other Expenses	$278,298	PYOtherExpensesAmt
CY Other Expenses	$506,950	CYOtherExpensesAmt
PY Total Expenses	$5,397,180	PYTotalExpensesAmt
CY Total Expenses	$6,575,527	CYTotalExpensesAmt
PY Revenues Less Expenses	$6,014,249	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,766,145	CYRevenuesLessExpensesAmt
Total Assets BOY	$15,736,712	TotalAssetsBOYAmt
Total Assets EOY	$18,036,817	TotalAssetsEOYAmt
Total Liabilities BOY	$327,943	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$903,245	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$15,408,769	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$17,133,572	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	OUR MISSION IS TO IMPROVE PUBLIC EDUCATION THROUGH FINDING, FUNDING, AND SUPPORTING CUTTING-EDGE BLENDED LEARNING SCHOOLS IN THE BAY AREA OF CALIFORNIA. THE SCHOOLS IN OUR PORTFOLIO SERVE AS LABS OF INNOVATION AND PROOF POINTS FOR THE BROADER FIELD ABOUT WHAT IS POSSIBLE IN NEXT GENERATION SCHOOLS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$6,199,405	ExpenseAmt
Grant	$5,131,500	GrantAmt
Revenue	$0	RevenueAmt
Desc	SILICON SCHOOLS FUND (SSF) CONDUCTED A DUE DILIGENCE AND GRANT-MAKING PROGRAM FOCUSED ON PROVIDING SEED FUNDING TO EXCELLENT SCHOOLS IMPLEMENTING NEXT GENERATION LEARNING MODELS. IN 2017, SILICON SCHOOLS FUND MADE GRANTS TO 23 ORGANIZATIONS THAT WILL USE THE FUNDING TO SUPPORT THE CREATION OF NEW SCHOOLS AND RELATED HUMAN CAPITAL EFFORTS.	Desc
Total Program Service Expenses	$6,199,405	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	16	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	4	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	4	GoverningBodyVotingMembersCnt
Independent Voting Member	3	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CAITRIN WRIGHT	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5103507263	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	827 BROADWAY NO 300	AddressLine1Txt
City	OAKLAND	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94607	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd
JOHN FISHER
DIRECTOR	2.00	Yes (X)	Yes (X)	$0	$0	$0
MICHAEL HORN
DIRECTOR	2.00	Yes (X)		$0	$0	$0
LISA SOBRATO SONSINI
DIRECTOR	2.00	Yes (X)		$0	$0	$0
BRIAN GREENBERG
CEO	50.00	Yes (X)	Yes (X)	$347,248	$0	$39,060
CAITRIN WRIGHT
PARTNER	50.00			$198,066	$0	$26,508	Yes (X)
ROB SCHWARTZ
PARTNER	50.00			$172,368	$0	$35,420	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$717,682	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$100,988	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	3	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$8,238,402	AllOtherContributionsAmt
Total Contributions	$8,238,402	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,081	TotalRevenueColumnAmt
Exclusion	$1,081	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$7,374,539	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$7,272,350	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$102,189	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$102,189	TotalRevenueColumnAmt
Exclusion	$102,189	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$8,341,672	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$103,270	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$5,131,500	TotalAmt
Program Services	$5,131,500	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$897,629	TotalAmt
Program Services	$741,684	ProgramServicesAmt
Management And General	$72,364	ManagementAndGeneralAmt
Fundraising	$83,581	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$39,448	TotalAmt
Program Services	$32,862	ProgramServicesAmt
Management And General	$3,392	ManagementAndGeneralAmt
Fundraising	$3,194	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$9,676	TotalAmt
Management And General	$9,676	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$4,428	TotalAmt
Management And General	$4,428	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$45,762	TotalAmt
Program Services	$17,899	ProgramServicesAmt
Management And General	$26,585	ManagementAndGeneralAmt
Fundraising	$1,278	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$24,392	TotalAmt
Program Services	$3,975	ProgramServicesAmt
Management And General	$20,147	ManagementAndGeneralAmt
Fundraising	$270	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$55,923	TotalAmt
Program Services	$46,835	ProgramServicesAmt
Management And General	$5,593	ManagementAndGeneralAmt
Fundraising	$3,495	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$42,356	TotalAmt
Program Services	$40,238	ProgramServicesAmt
Fundraising	$2,118	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$174,500	TotalAmt
Program Services	$174,500	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,110	TotalAmt
Management And General	$2,110	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt	Program ServicesProgramServicesAmt	FundraisingFundraisingAmt
UNCOLLECTIBLE PLEDGES	$125,000	$125,000
BANK CHARGES	$11,834	$11,834
GIFTS	$5,624		$5,624
HUMAN RESOURCE SERVICE	$5,120	$512	$4,288	$320

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$225	TotalAmt
Management And General	$225	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,575,527	TotalAmt
Program Services	$6,199,405	ProgramServicesAmt
Management And General	$281,866	ManagementAndGeneralAmt
Fundraising	$94,256	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$5,841,915	BOYAmt
EOY	$5,805,397	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$5,075,697	BOYAmt
EOY	$4,769,272	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,125,000	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$28,630	BOYAmt
EOY	$25,222	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$14,211	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$9,810	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$4,884	BOYAmt
EOY	$4,401	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$3,635,755	BOYAmt
EOY	$7,390,156	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$24,831	BOYAmt
EOY	$42,369	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$15,736,712	BOYAmt
EOY	$18,036,817	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$76,443	BOYAmt
EOY	$78,245	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$251,500	BOYAmt
EOY	$825,000	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$327,943	BOYAmt
EOY	$903,245	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$14,283,769	BOYAmt
EOY	$17,133,572	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,125,000	BOYAmt
EOY	$0	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$15,408,769	BOYAmt
EOY	$17,133,572	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$15,736,712	BOYAmt
EOY	$18,036,817	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$1,766,145	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$41,342	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,177,000	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,428,665	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,673,831	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$11,324,764	CurrentTaxYearMinus1YearAmt
Current Tax Year	$8,238,402	CurrentTaxYearAmt
Total	$36,842,662	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,177,000	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$5,428,665	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,673,831	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$11,324,764	CurrentTaxYearMinus1YearAmt
Current Tax Year	$8,238,402	CurrentTaxYearAmt
Total	$36,842,662	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$15,797,028	SubstantialContributorsTotAmt
Public Support Total170	$21,045,634	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,534	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,644	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$5,537	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$480	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,081	CurrentTaxYearAmt
Total	$16,276	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$36,858,938	TotalSupportAmt
Gross Receipts Rltd Activities	$15,226	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.57100	PublicSupportCY170Pct
Public Support PY170	0.54880	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$6,575,527	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$6,575,527	FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$478,776	FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$119,694	FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$317,681	CurrentYearMinus3Amt
Current Year Minus2	$363,758	CurrentYearMinus2Amt
Current Year Minus1	$419,859	CurrentYearMinus1Amt
Current Year	$478,776	CurrentYearAmt
Total	$1,580,074	TotalAmt

Field	Value	IRS element (for citing)
Lobbying Ceiling	$2,370,111	LobbyingCeilingAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$79,420	CurrentYearMinus3Amt
Current Year Minus2	$90,940	CurrentYearMinus2Amt
Current Year Minus1	$104,965	CurrentYearMinus1Amt
Current Year	$119,694	CurrentYearAmt
Total	$395,019	TotalAmt

Field	Value	IRS element (for citing)
Grassroots Ceiling	$592,529	GrassrootsCeilingAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,742	OtherCostOrOtherBasisAmt
Depreciation	$1,684	DepreciationAmt
Book Value	$58	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$12,469	OtherCostOrOtherBasisAmt
Depreciation	$8,126	DepreciationAmt
Book Value	$4,343	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$4,401	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$8,175,330	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$41,342	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$41,342	RevenueNotReportedAmt
Revenue Subtotal	$8,216,672	RevenueSubtotalAmt
Other Revenues Not Included	$125,000	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$125,000	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$8,341,672	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$6,450,527	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$6,450,527	ExpensesSubtotalAmt
Other Expenses Not Included	$125,000	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$125,000	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$6,575,527	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE FUND IS A PUBLIC BENEFIT CHARITABLE CORPORATION AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM CALIFORNIA FRANCHISE AND/OR INCOME TAXES UNDER SECTION 23701(D) OF THE REVENUE AND TAXATION CODE. MANAGEMENT EVALUATED THE FUND'S TAX POSITIONS AND CONCLUDED THAT THE FUND HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS. SHOULD THE FUND INCUR INTEREST AND PENALTIES RELATING TO TAX UNCERTAINTIES, SUCH AMOUNTS WOULD BE CLASSIFIED AS A COMPONENT OF INTEREST EXPENSE AND OPERATING EXPENSE, RESPECTIVELY.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	UNCOLLECTIBLE PLEDGES NETTED AGAINST CONTRIBUTION REVENUE ON TAX RETURN 125,000.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	UNCOLLECTIBLE PLEDGES NETTED AGAINST CONTRIBUTION REVENUE ON TAX RETURN 125,000.

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (32 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
ACCELERATE INSTITUTE
150 N MICHIGAN AVE 150	CHICAGO	IL	60601	363764476	501(C)(3)	$50,000	TO SUPPORT THEIR LEADERSHIP PROGRAM.
ACHIEVEMENT FIRST
495 BLAKE ST	NEW HAVEN	CT	06515	651203744	501(C)(3)	$75,000	TO SUPPORT GRANTEES PARTICIPATION IN THEIR PROGRAM.
ALDER GRADUATE SCHOOL OF EDUCATION
2946 BROADWAY STREET	REDWOOD CITY	CA	94606	474649648	501(C)(3)	$100,000	TO SUPPORT ALDER'S GROWTH TO MORE PARTNERSHIPS AND MORE TEACHER TRAINING.
ALPHA PUBLIC SCHOOLS
1601 CUNNINGHAM AVE	SAN JOSE	CA	95122	271881962	501(C)(3)	$200,000	TO SUPPORT CINDY AVITIA HIGH SCHOOL.
ASPIRE UNIVERSITY INC
1001 22ND AVENUE	OAKLAND	CA	94606	943311088	501(C)(3)	$225,000	TO SUPPORT ASPIRE RICHMOND TECH.
CHARTHOUSE PUBLIC SCHOOLS
150 N WIGET SUITE 203	WALNUT CREEK	CA	94598	471506069	501(C)(3)	$303,000	TO SUPPORT CONTRA COSTA SCHOOL OF THE PERFORMING ART.
CRISTO REY HIGH SCHOOL SAN JOSE
1389 E SANTA CLARA ST	SAN JOSE	CA	95116	462594689	501(C)(3)	$200,000	TO SUPPORT CRISTO REY SAN JOSE'S OPERATIONS.
DE MARILLAC ACADEMY
175 GOLDEN GATE AVE	SAN FRANCISCO	CA	94102	943390330	CHURCH	$95,000	TO SUPPORT DE MARILLAC'S TRANSITION TOWARDS PERSONALIZED LEARNING.
DESIGN TECH HIGH SCHOOL
275 ORACLE PKWY	REDWOOD CITY	CA	94065	463705620	501(C)(3)	$75,000	TO SUPPORT DESIGN TECH'S ONGOING INNOVATION.
EAST BAY INNOVATION ACADEMY
3400 MALCOLM AVE	OAKLAND	CA	94605	462428863	501(C)(3)	$300,000	TO SUPPORT EAST BAY INNOVATION ACADEMY'S HIGH SCHOOL.
ENVISION SCHOOLS
436 14TH STREET SUITE 920	OAKLAND	CA	94612	943394659	501(C)(3)	$275,000	TO SUPPORT ENVISION'S MIDDLE SCHOOL IN HAYWARD.
GILROY UNIFIED SCHOOL DISTRICT
7810 ARROYO CIR	GILROY	CA	95020	770123255	GOV'T	$20,000	TO SUPPORT SOUTH VALLEY MIDDLE SCHOOL.
GROWTH PUBLIC SCHOOLS
4416 ARDEN WAY	SACRAMENTO	CA	95112	474456355	501(C)(3)	$300,000	TO SUPPORT GROWTH PUBLIC SCHOOL'S LAUNCH.
INNOVATE PUBLIC SCHOOLS
150 ALMADEN BLVD	SAN JOSE	CA	95113	462155826	501(C)(3)	$254,000	TO SUPPORT INNOVATE'S ENTREPRENEURIAL SUPORT PROGRAMS.
INVICTUS ACADEMY INC
1121 ALLVIEW AVE	EL SOBRANTE	CA	94803	823352415	501(C)(3)	$100,000	TO SUPPORT THE LAUNCH OF INVICTUS ACADEMY.
JACKSON AVENUE ELEMENTARY SCHOOL
554 JACKSON AVE	LIVERMORE	CA	94550	942175582	501(C)(3)	$50,000	TO SUPPORT JACKSON AVE'S TRANSITION TO PL.
KIPP BAY AREA
1404 FRANKLIN STREET SUITE 500	OAKLAND	CA	94612	205010766	501(C)(3)	$500,000	TO SUPPORT KIPP NAVIGATE AND KIPP PRIZE.
LIGHTHOUSE COMMUNITY CHARTER
444 HEGENBERGER RD	OAKLAND	CA	94621	943370410	501(C)(3)	$200,000	TO SUPPORT LIGHTHOUSE LODESTAR.
LOMA PRIETA JOINT UNION ELEMENTARY SCHOOL DISTRICT
23800 SUMMIT RD	LOS GATOS	CA	95033	521692041	GOV'T	$20,000	TO SUPPORT C.T. ENGLISH.
MILPITAS UNIFIED SCHOOL DISTRICT
1331 E CALAVERAS BLVD	MILPITAS	CA	95035	770289955	GOV'T	$20,000	TO SUPPORT WELLER ELEMENTARY SCHOOL.
NATIONAL COUNCIL ON TEACHER QUALITY
1120 G STREET NW SUITE 800	WASHINGTON	DC	20005	043536571	501(C)(3)	$125,000	TO SUPPORT THEIR STUDENT TEACHER PROGRAM.
NAVIGATOR SCHOOLS
277 IOOF AVE	GILROY	CA	95020	274238843	501(C)(3)	$85,000	TO SUPPORT ONGOING INNOVATION AT NAVIGATOR SCHOOLS.
NEW LEADERS
225 BUSH STREET SUITE 1850	NEW YORK	NY	10010	043519203	501(C)(3)	$50,000	TO SUPPORT THEIR LEADERSHIP TRAINING PROGRAM.
OAKLAND PUBLIC EDUCATION FUND
PO BOX 27148	OAKLAND	CA	94602	432014630	501(C)(3)	$27,500	TO SUPPORT SUMMER INSTITUTE TRAINING FOR SUMMIT LEARNING TEACHERS.
OAKLAND UNITY MIDDLE SCHOOL
6038 BRANN ST	OAKLAND	CA	94605	753107384	501(C)(3)	$7,000	TO SUPPORT SUMMER INSTITUTE TRAINING FOR SUMMIT LEARNING TEACHERS.
OXFORD DAY ACADEMY
1001 BEECH ST	EAST PALO ALTO	CA	94025	474929970	501(C)(3)	$300,000	TO SUPPORT OXFORD DAY ACADEMY'S LAUNCH.
PERSEVERANCE PREPATORY INC
281 GRAYSON TERRACE	SAN JOSE	CA	95126	813977275	501(C)(3)	$50,000	TO SUPPORT THE LAUNCH OF PERSEVERANCE PREP.
PROMISE PUBLIC SCHOOLS
1400 PARKMOOR AVE SUITE 240	SAN JOSE	CA	95126	384024722	501(C)(3)	$75,000	TO SUPPORT THE LAUNCH OF PROMISE ACADEMY.
ROCKETSHIP EDUCATION
350 TWIN DOLPHIN DRIVE SUITE 109	REDWOOD CITY	CA	94065	204040597	501(C)(3)	$600,000	TO SUPPORT ROCKETSHIP FUTURO.
TEACH FOR AMERICA BAY AREA
685 MARKET ST	SAN FRANCISCO	CA	94103	133541913	501(C)(3)	$200,000	TO SUPPORT TEACHER TRAINING.
UNIVERSITY OF WASHINGTON FOUNDATION
GIFT SERVICES BOX 359505	SEATTLE	WA	98195	943079432	501(C)(3)	$50,000	TO SUPPORT UW FOUNDATION'S ONGOING RESEARCH INTO CHARTER GROWTH.
VOICES COLLEGE-BOUND LANGUAGE ACADEMY
4075 SACRAMENTO AVE	SAN JOSE	CA	95111	204741060	501(C)(3)	$200,000	TO SUPPORT THE LAUNCH OF VOICES RICHMOND.

Field	Value	IRS element (for citing)
Total501c3 Org	32	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	AT THE OUTSET, OUR ORGANIZATION AND ANY GRANTEE SIGNS A GRANT AGREEMENT WHICH INCLUDES A COMMITMENT TO ACCOUNTABILITY METRICS FOR THE GRANT FUNDS. OUR ORGANIZATION HAS CHECK-INS WITH GRANTEES AT LEAST 2 TIMES A YEAR TO DISCUSS THE WORK IN PROGRESS VS. THE GRANT'S GOALS. AT THE END OF THE YEAR THE ORGANIZATION MUST SUBMIT AN ANNUAL REPORT THAT REPORTS ON THE WORK DONE VS. THE GOALS AGREED UPON AT THE BEGINNING OF THE GRANT. THE ORGANIZATION ALSO MUST SUBMIT ITS FINANCIALS TO DEMONSTRATE THE USE OF FUNDS AND THE ACTUAL VS. BUDGETED FINANCIALS.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
BRIAN GREENBERG
CEO	$287,248	$0	$60,000	$0	$0	$0	$10,800	$0	$28,260	$0	$386,308	$0	$0	$0
CAITRIN WRIGHT
PARTNER	$193,066	$0	$5,000	$0	$0	$0	$8,200	$0	$18,308	$0	$224,574	$0	$0	$0
ROB SCHWARTZ
PARTNER	$166,368	$0	$6,000	$0	$0	$0	$7,160	$0	$28,260	$0	$207,788	$0	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 WAS MADE AVAILABLE TO ALL BOARD MEMBERS, AND THE CEO AND AUDIT COMMITTEE CHAIR REVIEWED AND APPROVED THE FORM 990 PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	UPON AFFILIATION WITH THE ORGANIZATION, EMPLOYEES/BOARD MEMBERS ARE GIVEN THE CONFLICT OF INTEREST POLICY TO REVIEW AND THEN DISCLOSE ANY CONFLICTS. ALL AFFILIATED PEOPLE ARE ENCOURAGED AND REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST TO THE BOARD AS THEY ARISE. ALL AFFILIATED PEOPLE ARE REQUIRED ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A STATEMENT AFFIRMING THEY UNDERSTAND THE POLICY, AGREE TO COMPLY, AND DISCLOSE ANY NEW POTENTIAL CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15	BASE COMPENSATION WAS DETERMINED BY FIRST DEFINING A SET OF CLOSELY COMPARABLE ORGANIZATIONS AND ROLES. INTERVIEWS WERE CONDUCTED WITH THESE ORGANIZATIONS REGARDING THEIR COMPENSATION STRUCTURE FOR RELEVANT POSITIONS. IN ADDITION, BENCHMARKING WAS CONDUCTED USING 990'S OF A BROADER SET OF ORGANIZATIONS THAT ARE ALSO COMPARABLE TO SILICON SCHOOLS FUND. THE BOARD WAS PRESENTED WITH THIS INFORMATION IN PREPARATION FOR MAKING AN INITIAL COMPENSATION DECISION FOR KEY EMPLOYEES. THE EMPLOYEE'S UNIQUE SKILLS AND PREVIOUS COMPENSATION WAS ALSO TAKEN INTO ACCOUNT. ANNUAL REVIEWS OF COMPENSATION ARE COMPLETED BY THE BOARD TO DETERMINE THE FUTURE YEAR'S BASE SALARY AND CURRENT YEAR BONUS. SALARY DECISIONS ARE BASED ON ANNUAL REVIEWS OF BENCHMARK SALARY DATA AND BONUS DECISIONS ARE BASED ON REVIEWS OF EMPLOYEES' PERFORMANCE.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D).